Nvidia sinks 13% in worst week since April 2025 as Jensen Huang exits

Nvidia lost roughly 13% this week, its steepest weekly drop since April 2025. The slide landed alongside the sudden resignation of CEO Jensen Huang, effective November 12-13. CFO Colette Kress has been appointed interim CEO.

The damage showed in the tape. Nvidia touched $148.80 on November 12, a fresh 52-week low, then clawed back ground to about $162 by November 13. At one point during the week, its market capitalization slipped below $4 trillion intraday.

This week caps a month-long rout that has erased over $1 trillion in market value. Nvidia closed at a record $239.24 on October 6, 2026, and is now down roughly 32% from that peak. The stock is also in its longest consecutive run of weekly declines since 2012.

The last time a week was this ugly was April 2025, when shares fell roughly 14% as tariff fears rattled markets. The pressure now comes from Nvidia's exposure to China, recent US export restrictions, and a valuation many investors see as stretched. Export limits matter because they shrink the pool of buyers Nvidia can sell certain chips to abroad, and a harder-to-reach market tends to trim growth forecasts.